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Warranty
9 Months Ended
Mar. 31, 2024
Guarantees and Product Warranties [Abstract]  
Warranty

Warranty

We have a warranty reserve recorded on our accompanying Condensed Consolidated Balance Sheets related to our known and potential exposure to warranty claims in the event our products fail to perform as expected and in the event we may be required to participate in the repair costs incurred by our customers for such products. The recorded warranty reserve balance involves judgment and estimates. Our reserve estimate is based on an analysis of historical warranty data as well as current trends and information. As additional information becomes available, actual results may differ from recorded estimates, which may require us to adjust the amount of our warranty provision. Changes in the warranty reserve for the three- and nine-month periods ended March 31, 2024 and April 2, 2023 were as follows (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 31,
2024

 

 

April 2,
2023

 

 

March 31,
2024

 

 

April 2,
2023

 

 

Balance, beginning of period

$

9,083

 

 

$

7,760

 

 

$

9,725

 

 

$

8,100

 

 

Provision Charged to expense

 

276

 

 

 

1,331

 

 

 

323

 

 

 

1,511

 

 

Payments

 

(454

)

 

 

(151

)

 

 

(1,143

)

 

 

(671

)

 

Balance, end of period

$

8,905

 

 

$

8,940

 

 

$

8,905

 

 

$

8,940